Holiday Coast Credit Union Personal Loans

For more than 50 years, Holiday Coast Credit Union has been offering financial services. HCCU is a 100 per cent customer-owned business.

Its history dates back to 1967, when the Hastings Rural Credit Union was established. Today, it’s known as the Holiday Coast Credit Union. It has around 30,000 members and assets worth almost $600 million.

Holiday Coast Credit Union has 11 branches across NSW and its headquarters is in Wauchope. Members have free access to more than 3,200 rediATMs nationwide.

Holiday Coast Credit Union personal loan repayment calculator

Thinking about taking out a personal loan with Holiday Coast Credit Union? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Holiday Coast Credit Union personal loan compare with various products.

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Holiday Coast Credit Union Personal Loans

Features of Holiday Coast Credit Union personal loans

Holiday Coast Credit Union offers personal loans for a variety of needs, including consolidating debt, holidays, renovations, education and special events.

Interest rates

Variable-rate and fixed-rate options are available.

Fees

  • Upfront application fee charged
  • No monthly fee
  • Missed payment penalty fee charged
  • Redraw activation fee charged

Loan terms

One to five years.

Loan amounts

From $1,000. Holiday Coast Credit Union determines maximum amounts on application.

Security

Holiday Coast Credit Union offers secured personal loans, where an asset like a property is used as collateral, as well as unsecured, where there is no collateral.

Repayment options

  • Weekly, fortnightly or monthly
  • No penalty for making additional repayments
  • No penalty for paying off the loan early

Holiday Coast Credit Union personal loans – customer service

Holiday Coast Credit Union offers several ways for customers to get in touch. For face-to-face service, there are 11 branches across NSW, open Monday to Friday. Customers also have these options:

  • Phone
  • Email
  • Mobile lenders
  • Mail

Who is eligible for a Holiday Coast Credit Union personal loan?

To be eligible for a Holiday Coast Credit Union personal loan, you must be:

  • At least 18 years of age
  • An Australian citizen or a permanent resident of Australia
  • Not bankrupt or insolvent

How to apply for a Holiday Coast Credit Union personal loan

Applying for a Holiday Coast Credit Union personal loan can be done online and takes up to 10 minutes. You don’t have to be a member to apply. Once your application is received, a Holiday Coast Credit Union staff member will contact you to set it up.

You will likely need the following documents:

  • Driver’s licence/passport
  • Payslips (three most recent)
  • Financial statements (previous three months)
  • Credit card and/or store card statements
  • Rental/tenancy agreements

Holiday Coast Credit Union personal loans review

Holiday Coast Credit Union offers both secured personal loans and unsecured personal loans. Interest rates for unsecured loans are higher.

Overall, the interest rates on personal loans from Holiday Coast Credit Union are moderately high compared to other Australian personal loan lenders.

The personal loans from Holiday Coast Credit Union come with features that are likely to appeal to many customers. These include the ability to make extra repayments and pay the entire loan off early, without penalty. A redraw facility is also available, but comes with a small fee.

The application process is relatively easy. Holiday Coast Credit Union offers members a wide range of ways to get customer service, however there are limited branches and only in New South Wales.

Holiday Coast Credit Union charges only an establishment fee; after that, there are no ongoing fees.

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